{"id":869191,"date":"2025-07-14T08:49:21","date_gmt":"2025-07-14T12:49:21","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bitmine-immersion-now-holds-approximately-500-million-of-ethereum-to-advance-its-ethereum-treasury-strategy\/"},"modified":"2025-07-14T08:49:21","modified_gmt":"2025-07-14T12:49:21","slug":"bitmine-immersion-now-holds-approximately-500-million-of-ethereum-to-advance-its-ethereum-treasury-strategy","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bitmine-immersion-now-holds-approximately-500-million-of-ethereum-to-advance-its-ethereum-treasury-strategy\/","title":{"rendered":"BitMine Immersion Now Holds Approximately $500 Million of Ethereum to Advance its Ethereum Treasury Strategy"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p class=\"prntac\">\n        <i>Company&#8217;s current total of approximately <span class=\"xn-money\">$500 million<\/span> of <span>ETH<\/span> exceeds the initial <span class=\"xn-money\">$250 million<\/span> PIPE proceeds by over 100% <\/i>\n      <\/p>\n<p class=\"prntac\">\n        <i>BitMine&#8217;s <span>ETH<\/span> holdings exceed 163,000<\/i>\n      <\/p>\n<p class=\"prntac\">\n        <i>Company&#8217;s <span>Ethereum<\/span> treasury strategy to strengthen broader <span>Ethereum<\/span> ecosystem <\/i>\n      <\/p>\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">LAS VEGAS<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">July 14, 2025<\/span><\/span> \/PRNewswire\/ &#8212; (NYSE AMERICAN: BMNR) (&#8220;BitMine&#8221; or the &#8220;Company&#8221;) today announced holdings of <span>ETH<\/span> exceeding <span class=\"xn-money\">$500 million<\/span>. The Company closed on its initial private placement of <span class=\"xn-money\">$250 million<\/span> on <span class=\"xn-chron\">July 9th<\/span> in furtherance of its asset light treasury strategy. As of <span class=\"xn-chron\">July 14th<\/span> at <span class=\"xn-chron\">7:45am ET<\/span>, the company&#8217;s <span>ETH<\/span> holdings total 163,142 at <span class=\"xn-money\">$3,072.67<\/span> per <span>ETH<\/span> (Bloomberg).<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2730330\/BitMine_Immersion_Technologies_ethwbtc.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2730330\/BitMine_Immersion_Technologies_ethwbtc.jpg\" title=\"BitMine Immersion Technologies, Inc.\" alt=\"BitMine Immersion Technologies, Inc.\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>&#8220;Since closing on the <span class=\"xn-money\">$250 million<\/span> private placement, we have surpassed <span class=\"xn-money\">$500 million<\/span> in <span>Ethereum<\/span> holdings, which validates our mission to increase our stake in the <span>Ethereum<\/span> network,&#8221; said Thomas &#8220;Tom&#8221; Lee of Fundstrat, the newly appointed Chairman of BitMine&#8217;s Board of Directors.<\/p>\n<p>&#8220;We are pleased that we added significantly to our <span>ETH<\/span> treasury just 3 days after closing our private placement,&#8221; said <span class=\"xn-person\">Jonathan Bates<\/span>, CEO of BitMine. &#8220;Clearly Wall Street is getting &#8216;<span>ETH<\/span>-pilled.'&#8221;<\/p>\n<p>The Company previously stated its performance metric goal of increasing <span>ETH<\/span> held per share through a combination of reinvestment of the Company&#8217;s cash flows, capital markets activities (including using volatility to lower cost of capital), and staking yield and the value of <span>ETH<\/span> is impacted by the change in value of <span>ETH<\/span>.<\/p>\n<p>\n        <span class=\"xn-person\">Thomas Lee<\/span> further states: &#8220;Among <span>Bitcoin<\/span> treasury companies, we have witnessed the reflexive benefit of acquiring large holdings. Microstrategy (NASDAQ-MSTR), the leader, has accumulated more than 597,000 <span>Bitcoin<\/span> (per Microstrategy.com website). Such sizable holdings has created a &#8216;sovereign put&#8217; for the company, meaning a nation-state views MSTR holdings as attractive if a nation ever wanted to acquire 5% of the <span>Bitcoin<\/span> network. Similarly, <span>ETH<\/span> Treasuries, which accumulate 5% of <span>ETH<\/span> supply, can benefit from a similar &#8216;Wall Street put.&#8217; And even <span class=\"xn-person\">Vlad Tenev<\/span>, CEO of Robinhood, recently said &#8216;tokenization is the greatest capital markets innovation since the central limit order book&#8217; showing how Wall Street is converging onto <span>crypto<\/span>. And <span>Ethereum<\/span> is the layer 1 blockchain with the greatest share.&#8221;<\/p>\n<p>\n        <b>About BitMine<\/b>\n      <\/p>\n<p>BitMine is a <span>Bitcoin<\/span> and <span>Ethereum<\/span> Network Company with a focus on the accumulation of <span>Crypto<\/span> for long term investment, whether acquired by our <span>Bitcoin<\/span> mining operations or from the proceeds of capital raising transactions. Company business lines include <span>Bitcoin<\/span> Mining, synthetic <span>Bitcoin<\/span> mining through involvement in <span>Bitcoin<\/span> mining, hashrate as a financial product, offering advisory and mining services to companies interested in earning <span>Bitcoin<\/span> denominated revenues, and general <span>Bitcoin<\/span> advisory to public companies. BitMine&#8217;s operations are located in low-cost energy regions in <span class=\"xn-location\">Trinidad<\/span>; <span class=\"xn-location\">Pecos, Texas<\/span>; and <span class=\"xn-location\">Silverton, Texas<\/span>.<\/p>\n<p>Forward Looking Statements<\/p>\n<p>This press release contains statements that constitute &#8220;forward-looking statements.&#8221; The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. This document specifically contains forward-looking statements regarding the potential benefits of the uses of proceeds of the Company&#8217;s recent offering and future business plans. In evaluating these forward-looking statements, you should consider various factors, including BitMine&#8217;s ability to keep pace with new technology and changing market needs; BitMine&#8217;s ability to finance its current business and proposed future business; the competitive environment of BitMine&#8217;s business; and the future value of <span>Bitcoin<\/span> and <span>Ethereum<\/span>. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond BitMine&#8217;s control, including those set forth in the Risk Factors section of BitMine&#8217;s Form 10-K filed with the Securities and Exchange Commission (the &#8220;SEC&#8221;) on <span class=\"xn-chron\">April 3, 2025<\/span>, as well as all other SEC filings, as amended or updated from time to time. Copies of BitMine&#8217;s filings with the SEC are available on the SEC&#8217;s website at <u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4467494-1&amp;h=3162763742&amp;u=http%3A%2F%2Fwww.sec.gov%2F&amp;a=www.sec.gov\" target=\"_blank\" rel=\"nofollow\">www.sec.gov<\/a><\/u>. BitMine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY29451&amp;sd=2025-07-14\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/bitmine-immersion-now-holds-approximately-500-million-of-ethereum-to-advance-its-ethereum-treasury-strategy-302504282.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/bitmine-immersion-now-holds-approximately-500-million-of-ethereum-to-advance-its-ethereum-treasury-strategy-302504282.html<\/a><\/p>\n<p>SOURCE  BitMine Immersion Technologies, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY29451&amp;Transmission_Id=202507140846PR_NEWS_USPR_____NY29451&amp;DateId=20250714\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire Company&#8217;s current total of approximately $500 million of ETH exceeds the initial $250 million PIPE proceeds by over 100% BitMine&#8217;s ETH holdings exceed 163,000 Company&#8217;s Ethereum treasury strategy to strengthen broader Ethereum ecosystem LAS VEGAS , July 14, 2025 \/PRNewswire\/ &#8212; (NYSE AMERICAN: BMNR) (&#8220;BitMine&#8221; or the &#8220;Company&#8221;) today announced holdings of ETH exceeding $500 million. The Company closed on its initial private placement of $250 million on July 9th in furtherance of its asset light treasury strategy. As of July 14th at 7:45am ET, the company&#8217;s ETH holdings total 163,142 at $3,072.67 per ETH (Bloomberg). &#8220;Since closing on the $250 million private placement, we have surpassed $500 million in Ethereum holdings, which validates our mission to increase &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bitmine-immersion-now-holds-approximately-500-million-of-ethereum-to-advance-its-ethereum-treasury-strategy\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;BitMine Immersion Now Holds Approximately $500 Million of Ethereum to Advance its Ethereum Treasury Strategy&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-869191","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BitMine Immersion Now Holds Approximately $500 Million of Ethereum to Advance its Ethereum Treasury Strategy - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bitmine-immersion-now-holds-approximately-500-million-of-ethereum-to-advance-its-ethereum-treasury-strategy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BitMine Immersion Now Holds Approximately $500 Million of Ethereum to Advance its Ethereum Treasury Strategy - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire Company&#8217;s current total of approximately $500 million of ETH exceeds the initial $250 million PIPE proceeds by over 100% BitMine&#8217;s ETH holdings exceed 163,000 Company&#8217;s Ethereum treasury strategy to strengthen broader Ethereum ecosystem LAS VEGAS , July 14, 2025 \/PRNewswire\/ &#8212; (NYSE AMERICAN: BMNR) (&#8220;BitMine&#8221; or the &#8220;Company&#8221;) today announced holdings of ETH exceeding $500 million. The Company closed on its initial private placement of $250 million on July 9th in furtherance of its asset light treasury strategy. As of July 14th at 7:45am ET, the company&#8217;s ETH holdings total 163,142 at $3,072.67 per ETH (Bloomberg). &#8220;Since closing on the $250 million private placement, we have surpassed $500 million in Ethereum holdings, which validates our mission to increase &hellip; Continue reading &quot;BitMine Immersion Now Holds Approximately $500 Million of Ethereum to Advance its Ethereum Treasury Strategy&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/bitmine-immersion-now-holds-approximately-500-million-of-ethereum-to-advance-its-ethereum-treasury-strategy\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-14T12:49:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/2730330\/BitMine_Immersion_Technologies_ethwbtc.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bitmine-immersion-now-holds-approximately-500-million-of-ethereum-to-advance-its-ethereum-treasury-strategy\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bitmine-immersion-now-holds-approximately-500-million-of-ethereum-to-advance-its-ethereum-treasury-strategy\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"BitMine Immersion Now Holds Approximately $500 Million of Ethereum to Advance its Ethereum Treasury Strategy\",\"datePublished\":\"2025-07-14T12:49:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bitmine-immersion-now-holds-approximately-500-million-of-ethereum-to-advance-its-ethereum-treasury-strategy\\\/\"},\"wordCount\":664,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bitmine-immersion-now-holds-approximately-500-million-of-ethereum-to-advance-its-ethereum-treasury-strategy\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/2730330\\\/BitMine_Immersion_Technologies_ethwbtc.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bitmine-immersion-now-holds-approximately-500-million-of-ethereum-to-advance-its-ethereum-treasury-strategy\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bitmine-immersion-now-holds-approximately-500-million-of-ethereum-to-advance-its-ethereum-treasury-strategy\\\/\",\"name\":\"BitMine Immersion Now Holds Approximately $500 Million of Ethereum to Advance its Ethereum Treasury Strategy - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/bitmine-immersion-now-holds-approximately-500-million-of-ethereum-to-advance-its-ethereum-treasury-strategy\/","og_locale":"en_US","og_type":"article","og_title":"BitMine Immersion Now Holds Approximately $500 Million of Ethereum to Advance its Ethereum Treasury Strategy - Market Newsdesk","og_description":"PR Newswire Company&#8217;s current total of approximately $500 million of ETH exceeds the initial $250 million PIPE proceeds by over 100% BitMine&#8217;s ETH holdings exceed 163,000 Company&#8217;s Ethereum treasury strategy to strengthen broader Ethereum ecosystem LAS VEGAS , July 14, 2025 \/PRNewswire\/ &#8212; (NYSE AMERICAN: BMNR) (&#8220;BitMine&#8221; or the &#8220;Company&#8221;) today announced holdings of ETH exceeding $500 million. The Company closed on its initial private placement of $250 million on July 9th in furtherance of its asset light treasury strategy. As of July 14th at 7:45am ET, the company&#8217;s ETH holdings total 163,142 at $3,072.67 per ETH (Bloomberg). &#8220;Since closing on the $250 million private placement, we have surpassed $500 million in Ethereum holdings, which validates our mission to increase &hellip; Continue reading \"BitMine Immersion Now Holds Approximately $500 Million of Ethereum to Advance its Ethereum Treasury Strategy\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/bitmine-immersion-now-holds-approximately-500-million-of-ethereum-to-advance-its-ethereum-treasury-strategy\/","og_site_name":"Market Newsdesk","article_published_time":"2025-07-14T12:49:21+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/2730330\/BitMine_Immersion_Technologies_ethwbtc.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bitmine-immersion-now-holds-approximately-500-million-of-ethereum-to-advance-its-ethereum-treasury-strategy\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bitmine-immersion-now-holds-approximately-500-million-of-ethereum-to-advance-its-ethereum-treasury-strategy\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"BitMine Immersion Now Holds Approximately $500 Million of Ethereum to Advance its Ethereum Treasury Strategy","datePublished":"2025-07-14T12:49:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bitmine-immersion-now-holds-approximately-500-million-of-ethereum-to-advance-its-ethereum-treasury-strategy\/"},"wordCount":664,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bitmine-immersion-now-holds-approximately-500-million-of-ethereum-to-advance-its-ethereum-treasury-strategy\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/2730330\/BitMine_Immersion_Technologies_ethwbtc.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bitmine-immersion-now-holds-approximately-500-million-of-ethereum-to-advance-its-ethereum-treasury-strategy\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/bitmine-immersion-now-holds-approximately-500-million-of-ethereum-to-advance-its-ethereum-treasury-strategy\/","name":"BitMine Immersion Now Holds Approximately $500 Million of Ethereum to Advance its Ethereum Treasury Strategy - 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